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Properties & Leasing

Run the numbers before you sign

Prorated first month, deposit against the state cap, and what a late fee may legally be. Worth two minutes before a lease goes out, because these are the three that get disputed.

3 steps About 3 minutes Landlord
Before you startNothing. It works on typed numbers, and can pull from a real unit if you have one.
1

Pull from a real unit rather than typing

Picking a unit fills the rent and deposit from what is already on record, so the answer matches the lease you are about to write.

Leave it on defaults to model a hypothetical, which is the point when you are deciding what to ask for.

Step 1: Pull from a real unit rather than typing
2

The prorated figure is the one people get wrong

Move in mid-month and the first payment is not a full month. The calculator shows the exact figure for the days actually occupied.

Put this number in the lease rather than rounding it. A tenant who can check your arithmetic and finds it right is a tenant who does not query the next bill.

Worth knowingIf the prorated amount comes out under fifty cents, Rentari carries it onto the first full month's rent instead of charging it. No card processor will take a payment that small.
Step 2: The prorated figure is the one people get wrong
3

Check the late fee against the state, not your habit

The late fee generator knows the cap and the grace period for the property's state, and several states cap both.

A fee above the cap is not merely unenforceable. In some states charging it is itself a violation, which is a much more expensive mistake than not charging.

Step 3: Check the late fee against the state, not your habit
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